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14/06/2013
Consultation Launches Into New Business Improvement Restrictions
Social Development Minister Nelson McCausland has announced a 12 week consultation into proposed new Business Improvement Districts (BID).
The BID (NI) Act 2013 empowers interested traders and business owners in towns, cities and even rural area across Northern Ireland to get together with their local council to look at improvements their area may need. If they arrive at a plan and cost it, a levy is then determined which would fund the plan over a 5 year period by each business involved in the BID.
The consultation will run from Monday 17 June -Friday 6 September 2013.
Announcing the consultation the Minister said: "Business Improvement Districts (BIDs) will provide a valuable economic boost to local retailers across our provincial towns, many of whom are struggling to keep afloat in these tough times. The introduction of BIDs offers a unique opportunity to local traders to come together to improve trading conditions in their local areas to benefit all. The new districts will also be a very innovative concept, allowing businesses to help themselves and create local trading solutions to local issues in their areas."
(CD/MH)
The BID (NI) Act 2013 empowers interested traders and business owners in towns, cities and even rural area across Northern Ireland to get together with their local council to look at improvements their area may need. If they arrive at a plan and cost it, a levy is then determined which would fund the plan over a 5 year period by each business involved in the BID.
The consultation will run from Monday 17 June -Friday 6 September 2013.
Announcing the consultation the Minister said: "Business Improvement Districts (BIDs) will provide a valuable economic boost to local retailers across our provincial towns, many of whom are struggling to keep afloat in these tough times. The introduction of BIDs offers a unique opportunity to local traders to come together to improve trading conditions in their local areas to benefit all. The new districts will also be a very innovative concept, allowing businesses to help themselves and create local trading solutions to local issues in their areas."
(CD/MH)
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Northern Ireland WeatherToday:This morning will be dry and rather cloudy, a little brightness here and there. Remaining dry this afternoon but still often cloudy. Fresh to strong westerly winds. Mild. Maximum temperature 11 °C.Tonight:This evening will be dry. Then the rest of the night will be mainly dry and mostly cloudy, although rain may reach the north coast later. Windy. Minimum temperature 7 °C.
